^JUT^JCM^ 


House  Bill,  No.  232. J 

HOUSE  OF  REPRESENTATIVES,  November  26,  li(64.— Read 
first  and  second  times,  m  ide  tpocial  order,  and  ordered  to  be  printed. 

[By  Mr.  LyoN»  from  Committee  on  Ways  and  Means.] 


^  BILL  • 

To  be  entitled  "  An  Act  to  exempt  from  taxation  the  capital  of  bonds 
and  certificates  issued  by  the  Confederate  States." 

1  Section  1 .   Th^  Congress  of  the  Confederate  States  of  America  do 

2  enact,  That  henceforth  no  tax  shall  be  assessed  upon  the  amount  or 

3  value  of  any  bond,  or  any  certificate  of  loan  or  of  indebtedness, 

4  issued  or  to  be  issued. by  the  Confederate   States  of  America: 

5  Provided^  however,  That  the  same  amount  of  tax  as  upon  income 

6  derived  from  other  sources,  shall  be  assessed,  levied  and  collected 

7  upon  the  dividends  or  interest  of  all  such  bonds  and  certificates, 

8  except  those  of  which    the  dividends  or   interest  are  or  may  be 

9  specially  exempted  by  law  from  taxation. 

1  Sec.  2.   This  act  shall  be  in  force  from  and  after  the  passing 

2  thereof. 


